Topic: Karma

In a Monday earnings report, GoPro announced plans to end drone sales after it sells out of remaining Karma models, and engage in cost-cutting measures to right itself financially -- including laying off hundreds of people.

Action camera maker GoPro continues to struggle to take to the skies, as the company is reportedly laying off between 200 and 300 employees this week, reflecting the performance of its aerial camera drone, the Karma.

Two major drone announcements this month featured Apple's iOS platform as the centerpiece of the world of aerial photography, being used on the go to view, capture and edit footage. DJI and its new Mavic Pro go a step further, working with Apple's retail stores to provide customers with hands-on impressions via trained pros.

Karma, the long awaited first flying camera from GoPro, was unveiled on Monday with a starting price tag of $799, including a handheld stabilized grip for capturing shots on the ground. Also announced were waterproof and cloud-connected Hero5 and Session cameras, simplified video editing software for Apple's iOS, and a keychain-sized, Lightning-connected microSD card reader.